Caracas, 20 August (Argus) — Venezuela´s state-owned oil company PdV has no plans “for now” to make new diesel shipments to Syria, oil minister Rafael Ramirez said yesterday.
Ramirez confirmed that PdV exported over 900,000 bl of diesel to Syria in three shipments between November 2011 and May 2012 as part of a supply agreement signed in 2010 that requires PdV to export up 20,000 b/d of fuel to Syria.
The fuel was transported from Venezuelan refineries to Syria aboard PdV's Negra Hipolita tanker, which normally is used in PdV's local cabotage operations.
PdV used the Negra Hipolita because shipowners wary of running afoul of US and EU sanctions against Syria refused to charter or insure tankers to carry PdV's diesel supplies to port in Syria.
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